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depreciate

verb [I or T]
 
 
/dɪˈpriː.ʃi.eɪt/

Definition

to (cause something to) lose value, especially over time: Our car depreciated (by) £1,500 in the first year we owned it. Since they set up a builder's yard next door, our house has depreciated in value. → Compare appreciateValue and price decreases
(Definition of depreciate verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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